Dell Technologies prints an 18% annualised growth in Q2 consumer sales

Dell Technologies Inc. (NYSE: DELL) said on Thursday that its revenue and earnings in the fiscal second quarter topped Wall Street estimates. CFO Tom Sweet attributed the company’s stronger than expected performance to the Coronavirus pandemic that fuelled demand from the government, educational institutes, and individual consumers, for remote working and learning solutions as businesses resorted to work from home arrangements in recent months. COVID-19 has so far infected more than 6 million people in the United States and caused over 184 thousand deaths. In related news, Dell’s peer, VMware, in which Dell has an 81% stake, also published its